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Vodafone Egypt will begin using Nokia’s cloud-based Subscriber Data Management (SDM) solution to increase the scope of its network and cater for increased data traffic, according to a Nokia press statement. Vodafone Egypt engineers will use Nokia Registers to manage subscriber data and authentication from a centralized location and across both fixed and mobile technologies. […]
Author Archives: enterpriseam admin
Posted inBanking + Finance
Elsewedy Electric agrees to EUR 42 mn loan from National Bank of Greece
Elsewedy Electric’s board of directors approved yesterday receiving a EUR 42 mn loan from the National Bank of Greece, according to an EGX disclosure (pdf). No details were provided on what the loan will be used for.
Posted inBanking + Finance
MM raises issued capital to EGP 383 mn from EGP 306 mn
MM Group for Industry and International Trade (MTI) has increased its issued capital to EGP 383.6 mn from EGP 306.9 mn by issuing EGP 76.7 mn-worth of bonus shares, the company said in a bourse disclosure (pdf). The issuance will be financed from its 2018 retained earnings.
Posted inSports
Egyptian footballer wins Golden Boot for Stoke City’s Development Team
English Premier League footballer Sarah Essam, the first Egyptian woman to join the league, has won the Golden Boot for Stoke City’s Development Team, KingFut reports. 20-year-old Essam, who joined Stoke City Ladies in 2017, was awarded “Arab Woman of The Year: Achievement in Sport” by the London Arab Foundation last year.
Posted inNational Security
Libya hands over Egyptian officer-turned-terrorist Hisham El Ashmawy
The Libyan National Army officially handed over Egyptian special forces officer-turned-terrorist Hisham El Ashmawy to Egypt yesterday, according to the State Information Service. El Ashmawy was captured in Libya last year and is believed to be responsible for orchestrating several high-profile attacks in Egypt. The terrorist’s extradition to Egypt came as Egyptian intelligence chief Abbas […]
Posted inON YOUR WAY OUT
Egyptian, Yemeni journalists receive Michael Kelly Award, one month after winning Pulitzer
Egyptian, Yemeni journalists receive Michael Kelly Award, one month after winning Pulitzer: Egyptian investigative Journalist Maggie Michael, Canadian-Egyptian photojournalist Nariman El-Mofty and Yemeni video journalist Maad Al-Zikry have been awarded the Michael Kelly Award, a prize of USD 25k, for their work covering Yemen’s civil war for the Associated Press. The three were awarded a […]
Posted inON YOUR WAY OUT
MENA region spends close to 58 mn more hours on Facebook in Ramadan
The MENA region spends close to 58 mn more hours on Facebook and watch more YouTube videos during Ramadan than at any other time of the year, making the holy month a prime time for advertisers, the AP reports. People in the MENA region sleep later during Ramadan and for the most part finish work […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.77 | Sell 16.87 EGP / USD at CIB: Buy 16.77 | Sell 16.87 EGP / USD at NBE: Buy 16.80 | Sell 16.90 EGX30 (Tuesday): 14,028 (+0.5%) Turnover: EGP 925 mn (17% above the 90-day average) EGX 30 year-to-date: +7.6% THE MARKET ON TUESDAY: The EGX30 ended […]
Posted inCALENDAR
May: 50 Egyptian companies are set to visit Libya to discuss trade, investment and reconstruction. 1H2019 (date TBD): Investment Minister Sahar Nasr will head a delegation of businessmen into Mexico City to explore cooperation avenues with the Latin American country. June: International Forum for small and medium enterprises (SMEs). June: Egypt will host the first […]
Posted inWhat We're Tracking Today
What we’re tracking on 28 May 2019
We finally have some corporate news today, with a rare case of M&A in the legal industry, interest from Blackstone in running Egypt’s largest power plants, and Edita inaugurating a new investment. This at the same time as EGX boss Mohamed Farid tells us that a tax on capital gains made in the stock market […]